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Hi All:
First post here. I'm curious if others have found a methodology for calculating the number of hours per month it will take to support a client. I'm thinking there might be a per transaction time estimate or a way to determine hours based on a review of financial statements looking at profit and loss and balance sheet accounts. I'd like to start this new client hourly until I get a full sense of their time needs, then switch to flat fee. But I'm struggling with how to give them an estimate of the hours needed to get us started. Thanx for any guidance you have.
Elizabeth M. Weber
Hi Elizabeth,
It's always a crap shoot for me, but I see we now have an "overview" in QBO Accountant, if that's what you use, that is really helpful. I always confer with someone else before quoting a price. If you're on your own, I can see where that might be hard though. I think your idea of hourly rate until you get to know them better is solid. Why don't you time yourself while working on another client, then maybe add about 10% to that time, since they will be new to you. Good Luck!
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